Pat earns $1,000 per week and spends $850 per week on living expenses, puts $50 in a savings account, and buys $100 worth of shares in a stock mutual fund.Pat's saving is _____, and Pat's saving rate is _____.
A) $50; 5.0%
B) $50; 5.9%
C) $100; 10%
D) $150; 15%
Correct Answer:
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Q5: Chris earns $1,500 per week and spends
Q6: What is the value of Taylor's assets?
Q7: What is Taylor's wealth? Taylor has the
Q9: Assets are:
A)current income minus spending on current
Q16: Which of the following is a liability
Q19: Which of the following is an asset
Q20: Saving equals:
A)current spending minus current income.
B)wealth minus
Q28: A measure defined at a point in
Q32: A flow is a measure defined:
A)per unit
Q36: Which of the following is a flow?
A)Saving
B)Wealth
C)Assets
D)Money
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